March 10, 2023
Nigeria: Why We Need to Reposition Nigeria's Maritime Industry
The spoils system whereby the political party in power doles out top government jobs only to friends and relatives has not only sullied, but also significantly stunted the growth… Read more »
Africa: EU Announces New Rules for Air Import Shipments
The European Union has kicked off the second phase of its Import Control System 2 (ICS2). Read more »
Nigeria: Shelf Drilling Secures $118m Offshore Nigeria
Oslo-listed jack-up drilling rig leasing firm, Shelf Drilling, has secured a two-year contract in Nigeria for its Shelf Drilling Scepter rig. Read more »
March 09, 2023
Nigeria: Nigeria's Roads Account for 21.4 Deaths Per 100,000 Population - Greenlight Initiative
GreenLight Initiative has disclosed that Nigerian roads are estimated to account for 21.4 deaths per 100,000 population. Read more »
Nigeria: CBN's Silence - Motorists, SMEs, Stores Reject Old Naira Notes
Several traders, motorists, Small and Medium Enterprise(SME) vendors and micro-sector operators are yet to come to terms with accepting the old N500 and N1000 notes despite the… Read more »
March 08, 2023
Nigeria: X-Raying the Gains of Cashless Policy
The Central Bank of Nigeria Act 2007 stipulates that the Bank shall have powers to print, redesign, destroy, and re-distribute currencies. Specifically, Section 20(3) of the CBN… Read more »
March 07, 2023
Nigeria: Blocking Leakages in Oil Industry to Help New Administration Survive
The chief executive officer(CEO), of the Center For The Promotion Of Private Enterprise(CPPE), Dr. Muda Yusuf, has demanded immediate removal of petrol subsidy regime and plugging… Read more »
Nigeria: 'What Next World Bank President Should Learn From AfDB's Adesina'
The incoming World Bank president can take a cue from the development oriented and impactful initiatives of the president of the African Development Bank (AfDB), Dr. Akinwumi… Read more »
March 06, 2023
Nigeria: NPA Completes Perimeter Fencing, Rehabilitates Access Road At Tin-Can Port
To ensure security and enforcement of the International Ships and Ports Security (ISPS), code, the Nigerian Ports Authority (NPA), has completed concrete fencing of Tin-Can Island… Read more »
Nigeria: Inflationary Pressures, Dollar Hike Put Emerging Market Under Pressure in 2023
Euromonitor International, in its report, revealed that inflationary pressures in the emerging economies are expected to persist in 2023 as the high exchange rate of the US dollar,… Read more »
March 04, 2023
Nigeria: Naira Redesign - MAN Raises Alarm Over Impending Job Loss
The Manufacturers Association of Nigeria(MAN) has said, the redesign of Naira notes, among other factors, have negatively affected the economy and tends to worsen employment in the… Read more »
March 02, 2023
Nigeria: Amid Cash, Fuel Scarcity, Nigerians Pay More for Cooking Gas
The average price of cooking gas across Nigeria went up by 0.51 per cent in January compared to what it sold at in December last year, thus, adding to the new Naira scarcity… Read more »
Nigeria: NLC Issues 14-Day Ultimatum to Niger Dock to Recall Sacked Workers
The leadership of Nigeria Labour Congress (NLC) has issued 14-day ultimatum to the management of Niger Dock to recall sacked workers or face the wrath of the union. Read more »
March 01, 2023
Africa: Africa Oil Targets Earnings From Nigeria's OML 127, OML 130
Africa Oil Corp(AOC) is projecting multiple attractive development, appraisal and infrastructure-led exploration opportunities on both OML 127 and OML 130, which it said, presents… Read more »
Nigeria: SAN Leon Energy Reacts to NNPCL Take Over of OML 18
San Leon Energy Plc, an independent oil and gas production, development and exploration company focused on Nigeria, has reacted to recent speculation about the operation of the Oil… Read more »
February 28, 2023
Nigeria: Importers, Truckers Kick Over Extortion On Ports, Lagos Roads
Truck drivers and importers have raised the alarm over alleged multiple extortion from louts and area boys on port access road and Lagos state roads. Read more »
February 27, 2023
Nigeria: Nigeria's Gas Export Slumps to 1m Tonnes, Lower Than Algeria
Nigeria's gas export dropped to one million tonnes in January, representing 35 per cent decline year on year, and lower than export volumes by Algeria. Read more »
February 24, 2023
Nigeria: Oil Production Decline Shrinks Nigeria's Economic Growth
Oil theft coupled with deferred investment in Nigeria's oil industry has caused Nigeria's economy growth to slow to 3.52 per cent in the fourth quarter from 3.98 per cent a year… Read more »
February 21, 2023
Nigeria: Nigeria Air - Buhari Meets Ethiopian Airlines Board in Addis Ababa
President Muhammadu Buhari met with Ethiopian Airlines Board chairman, Girma Wake, in Addis Ababa on Sunday, during which they exchanged views on the operationalisation of Nigeria… Read more »
February 20, 2023
Nigeria: Passengers With Old Naira Notes Barred From Mass Transit Trains in Lagos
The Nigerian Railway Corporation(NRC) has barred passengers wishing to patronise the Narrow gaude, Lagos Mass Transit Train (LMTT) service from using old naira notes to purchase… Read more »
February 19, 2023
Nigeria: 10 States Drag Federal Govt to Court Over Naira Swap Policy
Ten states in the country have asked the Supreme Court to set aside the ban by President Muhammadu Buhari on use of the old N500 and N1,000 notes as legal tenders. Read more »
February 17, 2023
Nigeria: Call-Up System Crashes Cargo Haulage Cost in Lagos Ports By 65%
Truck Transit Parks Limited (TTP), a leading mobility technology company has significantly reduced the cost of moving cargo by 65per cent, providing significant cost savings to… Read more »
Nigeria: Naira Swap Policy - States Vow to Fight On Against Buhari's Decision
Some state governments have challenged President Muhammadu Buhari's decision to stick with the deadline for the naira swap policy, which he stated in yesterday's national… Read more »
February 14, 2023
Nigeria: As Naira Black Market Booms - CBN's Silence Throws Nigerians Into Confusion
The Central Bank of Nigeria's silence on its position in the Naira swap policy has thrown the country into confusion, as businesses and other users of the currency are at a loss on… Read more »
February 13, 2023
Nigeria: NNPC, Sahara Group Deliver 24-Hour Electricity to Ajoki Community in Edo
Socio-economic growth prospects in Ajoki community, Edo State, have soared following the delivery of uninterrupted power supply to the community by Enageed Resource Limited, a… Read more »